Immunohematology Market in Europe is projected to expand at a significant CAGR to 2025 | TMR Study

• Demand for safe and quality blood- and plasma-derived products especially in blood banks propelling strides in immunohematology market; automation in devices present value-grab opportunity for firms to tap into massive demand in hospitals
• Growing burden of transfusion-related diseases generating substantial revenue streams to market players; massive uptake of products in North America to steer revenues

WILMINGTON, Del., Oct. 26, 2022 /PRNewswire/ -- Based on a detailed scrutiny of recent immunohematology market trends, a study by TMR analysts found that emphasis on the safety of blood products in transfusion medicine is a major underpinning factor. Collating all pertinent immunohematology market data followed by meticulous statistical analysis allowed them to conclude that advancements in treatments of hematological diseases favorably influenced the growth dynamics.

The study has projected the immunohematology market to advance at CAGR of 3.5% during the forecast period of 2017 to 2025. A detailed market analysis of immunohematology market dynamics by the authors of the report found that demand in hospitals is driving massive revenue growth for players. They have projected the segment to be the leading end-user segment in the global immunohematology market during the forecast period.

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Key Findings of Immunohematology Market Study

• Product Automation Opens up New Vistas of Growth: The study authors observed that automation is a major technological advancement in immunohematology market and will continue to generate substantial lucrative avenues for firms. Need for new techniques and technologies for ensuring quality and safety of blood products have extended the horizon. Advantages such as objectivity and reproducibility of tests and low turnaround time are fueling the adoption of automated products in immunohematology market. A bulk of demand for automated equipment comes from hospitals, the study found.
• Growing Burden of Transfusion-Related Diseases and Prevalence of Hematological Disorders to Steer Demand: Rise in burden of transfusion-related diseases is a key factor that is being capitalizing on by players in immunohematology market. Over the years, expansion of blood banks in several parts of the world and global growing incidence of hematological disorders are spurring the demand for automated equipment for immunohematology tests. Furthermore, advances in transfusion medicine have led to the demand for high quality plasma products in the patient population. This has positively impacted the immunohematology market size

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Immunohematology Market: Key Drivers

• Worldwide rise in incidence of many hematologic disorders is a key driver of the immunohematology market. Of note, the prevalence of leukemia is high, causing a glaring health burden, which has underpinned technological advancements in its diagnosis and treatments.
• Strides in immunohematology market are also propelled by growing number of blood banks, increasingly supported by public funding in healthcare.

Immunohematology Market: Regional Growth Dynamics

• North America is projected to hold a major share of the global immunohematology market during the forecast period of 2017 – 2025. Rise in number of blood transfusions in the region has spurred the revenue growth. Additionally, continuous advancements made in blood- and plasma-derived products and enormous progress being made in transfusion service will reinforce the prospects of the regional market.
• Europe is another region in immunohematology market that has emerged as potentially lucrative in 2017. In recent years, the revenue generation has been fueled by high product adoption and rise in demand for blood products.

Immunohematology Market: Competition Landscape

The study found that most players are leveraging both inorganic and organic strategies in a bid to gain shares in immunohematology market. Some key players are also constantly expanding their portfolio in blood-typing products to gain a competitive edge over their rivals and peers.  

Some of the prominent companies in the immunohematology market are Siemens Healthineers, Merck KGaA, Thermo Fisher Scientific, Beckman Coulter, Inc., Abbott Laboratories, Grifols, S.A., and Bio-Rad Laboratories, Inc.

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Immunohematology Market Segmentation

Product

• Immunohematology Analyzers
• Automatic
• Semi-automatic/Non-automatic
• Immunohematology Reagents

Application

• Blood Typing
• Antibody Screening

End-user

• Hospitals
• 500+ Beds
• 200–499 Beds
• Less Than 200 Beds
• Academic & Research Institutes
• Diagnostic & Reference Laboratories
• Blood Banks

Region

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• Australia & New Zealand
• Japan
• China
• India
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Rest of Latin America
• Middle East & Africa
• GCC
• South Africa
• Israel
• Rest of Middle East & Africa

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